News articles about OceanFirst Financial (NASDAQ:OCFC) have been trending positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. OceanFirst Financial earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave media stories about the savings and loans company an impact score of 46.166124004285 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of OceanFirst Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub downgraded shares of OceanFirst Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. ValuEngine downgraded shares of OceanFirst Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $37.00 price target on shares of OceanFirst Financial in a research report on Friday, December 22nd. Finally, Hovde Group initiated coverage on shares of OceanFirst Financial in a research report on Monday, October 9th. They set an “outperform” rating and a $32.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. OceanFirst Financial has an average rating of “Buy” and a consensus target price of $31.83.
OceanFirst Financial (NASDAQ OCFC) opened at $27.93 on Wednesday. The company has a market cap of $910.03, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 1.56 and a beta of 0.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.94. OceanFirst Financial has a 12-month low of $24.02 and a 12-month high of $30.65.
OceanFirst Financial (NASDAQ:OCFC) last announced its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The company had revenue of $50.42 million during the quarter, compared to the consensus estimate of $50.41 million. OceanFirst Financial had a net margin of 18.59% and a return on equity of 8.87%. sell-side analysts expect that OceanFirst Financial will post 1.7 earnings per share for the current year.
In other OceanFirst Financial news, Director Steven E. Brady sold 2,800 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $27.65, for a total transaction of $77,420.00. Following the completion of the transaction, the director now owns 72,562 shares in the company, valued at approximately $2,006,339.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.00% of the stock is currently owned by corporate insiders.
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About OceanFirst Financial
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans.
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